Can I retire at age 45 with 6,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$561,538$556,536$551,656$546,893$542,242$526,572
2 years$277,989$272,812$267,794$262,929$258,210$242,548
3 years$183,485$178,285$173,280$168,461$163,819$148,655
4 years$136,242$131,059$126,104$121,367$116,837$102,287
5 years$107,904$102,752$97,862$93,221$88,818$74,922
6 years$89,018$83,904$79,087$74,550$70,279$57,049
7 years$75,534$70,463$65,722$61,292$57,155$44,593
8 years$65,425$60,400$55,737$51,416$47,416$35,513
9 years$57,566$52,589$48,006$43,795$39,931$28,675
10 years$51,283$46,354$41,853$37,752$34,023$23,400
11 years$46,146$41,267$36,847$32,855$29,261$19,252
12 years$41,868$37,039$32,701$28,819$25,357$15,943
13 years$38,251$33,472$29,216$25,442$22,112$13,272
14 years$35,153$30,425$26,250$22,585$19,383$11,095
15 years$32,471$27,794$23,701$20,142$17,066$9,307
16 years$30,127$25,500$21,488$18,035$15,083$7,830
17 years$28,060$23,485$19,553$16,204$13,374$6,603
18 years$26,225$21,701$17,850$14,603$11,891$5,579
19 years$24,585$20,112$16,341$13,195$10,599$4,721
20 years$23,111$18,689$14,997$11,951$9,467$4,001
21 years$21,779$17,408$13,794$10,846$8,472$3,395
22 years$20,570$16,250$12,713$9,862$7,594$2,883
23 years$19,467$15,198$11,738$8,981$6,817$2,451
24 years$18,458$14,240$10,856$8,191$6,127$2,085
25 years$17,531$13,364$10,055$7,481$5,514$1,774
26 years$16,677$12,560$9,325$6,840$4,966$1,511
27 years$15,888$11,820$8,659$6,261$4,478$1,287
28 years$15,156$11,138$8,050$5,736$4,040$1,097
29 years$14,476$10,507$7,491$5,260$3,648$935
30 years$13,842$9,923$6,978$4,828$3,296$797
31 years$13,250$9,381$6,505$4,434$2,980$680
32 years$12,697$8,876$6,070$4,075$2,696$580
33 years$12,178$8,406$5,667$3,747$2,440$495
34 years$11,690$7,967$5,295$3,448$2,209$422
35 years$11,232$7,556$4,950$3,174$2,001$360
36 years$10,800$7,172$4,631$2,923$1,813$308
37 years$10,392$6,812$4,335$2,693$1,643$262
38 years$10,007$6,474$4,059$2,482$1,489$224
39 years$9,642$6,156$3,803$2,289$1,351$191
40 years$9,297$5,857$3,565$2,111$1,225$163
41 years$8,969$5,575$3,342$1,948$1,111$139
42 years$8,657$5,309$3,135$1,798$1,009$119
43 years$8,361$5,059$2,942$1,659$915$102
44 years$8,079$4,822$2,762$1,532$831$87
45 years$7,811$4,598$2,593$1,415$754$74
46 years$7,555$4,387$2,435$1,307$685$63
47 years$7,310$4,186$2,288$1,208$622$54
48 years$7,076$3,996$2,150$1,116$565$46
49 years$6,853$3,816$2,021$1,031$513$39
50 years$6,639$3,645$1,900$953$466$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,800,000, adding $4,258 every year, while hoping to spend $48,173 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 85/9/6 Blend
44$6,800,000$6,800,000$6,800,000$6,800,000
45$7,497,992$7,137,592$7,032,192$8,132,887
46$8,211,532$7,436,078$7,216,515$8,846,051
47$8,996,238$7,747,576$7,405,398$9,622,356
48$9,859,318$8,072,672$7,598,943$10,473,653
49$10,808,715$8,411,979$7,797,254$11,407,444
50$11,853,178$8,766,140$8,000,437$12,431,994
51$13,002,349$9,135,828$8,208,598$13,556,403
52$14,266,850$9,521,745$8,421,847$14,790,694
53$15,658,386$9,924,627$8,640,296$16,145,909
54$17,189,851$10,345,244$8,864,056$17,634,205
55$18,875,457$10,784,402$9,093,243$19,268,978
56$20,730,861$11,242,945$9,327,974$21,064,980
57$22,773,314$11,721,754$9,568,366$23,038,462
58$25,021,826$12,221,755$9,814,540$25,207,325
59$27,497,344$12,743,912$10,066,619$27,591,289
60$30,222,949$13,289,239$10,324,727$30,212,078
61$33,224,073$13,858,795$10,588,988$33,093,621
62$36,528,740$14,453,688$10,859,531$36,262,283
63$40,167,832$15,075,079$11,136,485$39,747,106
64$44,175,375$15,724,183$11,419,982$43,580,089
65$48,588,867$16,402,271$11,710,155$47,796,481
66$53,449,624$17,110,674$12,007,138$52,435,119
67$58,803,176$17,850,788$12,311,067$57,538,791
68$64,699,693$18,624,070$12,622,081$63,154,639
69$71,194,461$19,432,049$12,940,320$69,334,601
70$78,348,401$20,276,324$13,265,926$76,135,902
71$86,228,643$21,158,569$13,599,040$83,621,591
72$94,909,165$22,080,539$13,939,808$91,861,136
73$104,471,483$23,044,069$14,288,375$100,931,078
74$115,005,428$24,051,082$14,644,889$110,915,751
75$126,609,988$25,103,591$15,009,499$121,908,077
76$139,394,244$26,203,704$15,382,354$134,010,442
77$153,478,400$27,353,629$15,763,606$147,335,658
78$168,994,917$28,555,678$16,153,408$162,008,030
79$186,089,764$29,812,270$16,551,912$178,164,524
80$204,923,791$31,125,943$16,959,272$195,956,061
81$225,674,255$32,499,352$17,375,645$215,548,935
82$248,536,486$33,935,277$17,801,186$237,126,385
83$273,725,733$35,436,631$18,236,051$260,890,321
84$301,479,197$37,006,465$18,680,398$287,063,226
85$332,058,268$38,647,974$19,134,384$315,890,256
86$365,750,991$40,364,506$19,598,166$347,641,552
87$402,874,791$42,159,564$20,071,903$382,614,782
88$443,779,459$44,036,823$20,555,752$421,137,957
89$488,850,464$46,000,127$21,049,870$463,572,516
90$538,512,585$48,053,507$21,554,414$510,316,742
91$593,233,922$50,201,183$22,069,540$561,809,512
92$653,530,317$52,447,576$22,595,405$618,534,443
93$719,970,221$54,797,318$23,132,162$681,024,450
94$793,180,058$57,255,261$23,679,964$749,866,774
95$873,850,144$59,826,489$24,238,963$825,708,523
96$962,741,199$62,516,328$24,809,309$909,262,777
97$1,060,691,530$65,330,356$25,391,149$1,001,315,312
98$1,168,624,942$68,274,420$25,984,629$1,102,732,022
99$1,287,559,463$71,354,643$26,589,891$1,214,467,078
100$1,418,616,951$74,577,443$27,207,074$1,337,571,940